Court documents showed that Baiyewu allegedly led a network that laundered illicit proceeds by using the money to purchase used and salvaged vehicles in the United States before arranging for the cars to be shipped to Nigeria.
A 40-year-old Nigerian national has been sentenced to 95 months in prison in the United States for his role in a money laundering conspiracy involving more than $3.1million in proceeds from fraud schemes targeting American citizens.
According to the U.S. Department of Justice, Oluwasegun Baiyewu, a resident of Houston, Texas, was sentenced on Wednesday after being convicted of conspiring to launder proceeds generated from several fraud schemes, including business email compromise, romance and unemployment insurance fraud.
Court documents showed that Baiyewu allegedly led a network that laundered illicit proceeds by using the money to purchase used and salvaged vehicles in the United States before arranging for the cars to be shipped to Nigeria.
The scheme reportedly operated between May 2020 and October 2021, with Baiyewu working with at least six other co-conspirators based in the United States and Nigeria.
